Forums
Partnership accounts
Accountancy
answered on 01-Jul-21 00:35
How they taken 3/15 and how come 18/90....ipcc PM Show me the calculation
latest answer
4 partners cho 2 partners sacrificer ne 1 partner gainer aa Rest last one partner da share 21+6-9=18
Triveni Patil
CA Inter
★ 290
3
558
Long term borrowing
Accountancy
answered on 30-Jun-21 17:50
What is the meaning of LONG TERM MATURITIES OF FINANCE LEASE OBLIGATIONS.?
latest answer
non current ( >1 year) payments of finance lease as per AS 19
bsai partish
CA Final
★ 2K+
1
455
Journal and ledger
Accountancy
answered on 30-Jun-21 17:25
In the preparation of journal and ledger in ICAI study material when it is given only as received from x or paid for erection of machinery etc,. in some cases it is considered as cash account involved and in some cases it is given as bank account so how to find where to use cash account and where to use bank account. kindly explain. Thankyou.
latest answer
In case 2; Erection of machinery . While buying a machine we are paying bulk amount.ao we are using bank transaction for that purpose. at the time of purchase of machinery only erection charges happens.so we are adding installation charges. So the bank transaction appears here.
Aswin Chandar
CA Final
★ 40K+
3
562
Journal and ledger
Accountancy
answered on 30-Jun-21 16:46
In my school days when recording discount received and discount allowed we used have 2 different accounts for recording them, however in ICAI study material a single discount account is maintained for both discount allowed and discount received entries. Should i follow the ICAI material and use discount account instead of discount allowed and discount received account. Kindly clarify. Thankyou.
latest answer
Follow ICAI
Aswin Chandar
CA Final
★ 40K+
1
476
Redemption of preference shares
Accountancy
answered on 30-Jun-21 17:02
In this question why does the cash and bank acc includes 7500?..while the int on deb to transferred to p &l acc..
latest answer
Thank you!
Pushkala S
CA Final
★ 3K+
5
695
Partnership accounts
Accountancy
answered on 30-Jun-21 12:30
How come that 2000
latest answer
ð??? tqq
Triveni Patil
CA Inter
★ 290
3
497
P&L account
Accountancy
answered on 30-Jun-21 15:15
What if we take a lease of the building to store our finished goods for 50 years, we have show them P&L account or Balance Sheet?
latest answer
Thank you so much, brothers.
Vijay K
CA Inter
★ 9K+
3
534
P&L or Balance Sheet
Accountancy
answered on 30-Jun-21 19:28
If we are paying a rent of our building for 1 year if we are paying the transportation cost for 1year, then we have show these in asset side of balance sheet or we have to show these in expenditure side of P&L account?
latest answer
Current year
Vijay K
CA Inter
★ 9K+
5
547
Redemption of debentures
Accountancy
answered on 30-Jun-21 12:56
In this sum they have not paid interest Sir To debenture holder's.. I am considering interest but Bank A/c is not tallying ..
latest answer
One of the reasons could be question states - Bank Balance on 31-3-20X2, before receipt of interest. On the other hand, you can show it as well. So, assume either ways and give a note about it.
Naresh M
CA Final
★ 75
1
549
Borrowing costs
Accountancy
answered on 30-Jun-21 14:25
Anyone solve this problem.plzz
latest answer
Thank u so much
Likhitha Sivani
CA Final
★ 14K+
6
504